These are Singapore stocks which may be in focus on Wednesday 31 October 2018:

Sembcorp Industries

Sembcorp Industries said on Tuesday that it has tied up with Singapore’s Energy Market Authority (EMA) for a pilot program to deploy energy storage systems (ESS) in Singapore in a program known as Accelerating Energy Storage for Singapore, or ACCESS.

Cromwell European REIT

Cromwell European REIT’s manager said late on Tuesday that it proposed a rights issue to raise gross proceeds of around 224.1 million euros to partially finance its acquisition of properties in Europe.

ST Engineering

ST Engineering said on Tuesday that its marine segment obtained around S$431 million of new contracts in the third quarter, including options for its shipbuilding business and ship and rig repair segments.

CDL Hospitality Trusts

CDL Hospitality Trusts reported on Tuesday that its net property income for the third quarter fell 10.2 percent on-year to S$36.23 million after the divestment of three properties, missing an analyst forecast.

CapitaLand Retail China Trust

CapitaLand Retail China Trust, or CRCT, reported on Tuesday that its third quarter net property income rose 2.2 percent on-year in Singapore dollar terms to S$36.73 million on a combination of rental growth and cost management.

Fragrance Group

Fragrance Group said on Tuesday that its wholly owned subsidiary, Fragrance VIC-MEL (Collins), or FVMC, agreed to sell its property at 555 Collins Street, Melbourne, Victoria, Australia, for A$140.0 million in cash to an unrelated third party, with the deal completed last week.

The deal was agreed to after considering factors including the slow takeup of the development’s units and higher construction costs amid a general rise in Melbourne construction activity, it said in a filing to SGX after the market close on Tuesday.

Under the agreement FVMC terminated the sale of individual residential units in the development and has made arrangements to refund deposits to the buyers, who will be offered an opportunity to buy units in the group’s other development projects in Australia, it said.

Sheng Siong Group

Supermarket operator Sheng Siong Group said on Tuesday that its net profit for the third quarter fell 9.9 percent on-year to S$17.7 million due to a year-earlier tax refund of S$2.2 million and higher administrative expenses due to new store openings.

MeGroup

OCBC

OCBC said on Tuesday that its wholly owned subsidiary, OCBC Bank (Malaysia) acquired the remaining 30 percent of OCBC Advisers (Malaysia) from Dato’ Rahmat Bin Jamari for 150,000 Malaysian ringgit, or around S$49,641.

Following the acquisition, OCBC Advisers (Malaysia) is a wholly owned subsidiary of OCBC Bank through OCBC Malaysia, it said.

Noble Group

Noble Group said on Tuesday the lawsuit against its subsidiary PT Pinang Coal Indonesia, or PT PCI, and against unrelated company PT McMahon Mining Services has been withdrawn.

The suit had been filed in the District Court of South Jakarta in late July by PT Alhasanie, a subsidiary of PT Atlas Resources Tbk and had sought damages of more than US$20 million from PT PCI over allegations of a breach of a technical services and management consulting agreement dating from 2015, it said.

PT PCI had earlier submitted a claim against PT Alhasanie under the agreement to seek Singapore arbitration, which was the contractually agreed forum for disputes, it said, adding it wasn’t able to further disclose details of PT PCI’s claim due to confidentiality.

Frasers Property

Frasers Property said on Tuesday that its indirect wholly owned subsidiary Frasers Property Management Services (Vietnam) has incorporated Frasers Property Development Services (Vietnam) in Vietnam with an initial charter capital of US$300,000 to provide property consultancy and management services.

Japfa

Agri-food player Japfa reported on Tuesday that its third-quarter net profit surged nearly five times on-year to US$14.3 million, from US$3.0 million in the year-ago period, amid higher average selling prices (ASP) for Indonesian poultry and Vietnam swine.

Sunpower Group

Sunpower Group said on Tuesday that it obtained manufacturing and services contracts totaling 62.6 million yuan with repeat customers Xinjiang East Hope New Energy and China Nuclear Industry Fifth Construction (CNF).

In its second contract for polysilicon producer Xinjiang East Hope, which is a subsidiary of China’s East Hope Group, Sunpower will provide heat exchangers for its plan in Xinjiang Province, it said in a filing to SGX after the market close on Tuesday. Delivery is expected to be completed in 2018, with a positive impact on Sunpower’s performance for the current fiscal year, it said.

The contract for CNF, a subsidiary of China Nuclear E&C Group (CNEC), is to provide heat exchangers for a PVC project in Bangladesh, with delivery expected to be completed by 2019, it said, adding it would positively impact Sunpower’s financial performance in fiscal 2018 and 2019.

MindChamps Preschool

MindChamps Preschool said on Tuesday that its wholly owned subsidiary, MindChamps Australia, entered a deal to acquire the business and assets of a preschool center at Warriewood, Sydney, Australia for A$2.97 million.

The center will be acquired from CBS Group Investments, as trustee for the CBS Group Trust, Pham Business Investments, as trustee for the Pham Business Investment Trust, Thi Nho Pham, Learning Services and CBS Leasing, it said.

The consideration is expected to be paid via a combination of cash from MindChamps’ IPO proceeds and an acquisition loan, it said.